The Bernard Foundation is a private foundation focused on Education, based in WADSWORTH, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 6 grants totaling $328K. Net investment income was $490K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+3.5% YoY
Annual Giving
$328K
-9.5% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$55K
-24.6% YoY
Under IRS private-foundation payout rules, The Bernard Foundation reported a distributable amount of $245K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bernard Foundation
Based on IRS filings
The Bernard Foundation is a private foundation focused on Education, based in WADSWORTH, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 6 grants totaling $328K. Net investment income was $490K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,301,361 | $3,190,119 | $3,434,068 |
| Revenue | $542,914 | $213,372 | $425,910 |
| Expenses | $430,566 | $457,321 | $426,473 |
| Qualifying Distributions | $377,491 | $408,234 | $373,954 |
| Net Investment Income | $490,260 | $169,929 | $379,854 |
| Distributable Amount | $245,055 | $228,506 | $236,260 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Archbishop Hoban High School ($112,500), Our Lady of the Elms High School ($103,500), The Joseph Fund of Camden ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARCHBISHOP HOBAN HIGH SCHOOL AKRON, OH | FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $112,500 |
| HOLY CROSS HIGH SCHOOL DELRAN, NJ | FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $13,000 |
| OUR LADY OF GOOD COUNSEL SCHOOL MOORESTOWN, NJ | FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $3,000 |
| OUR LADY OF THE ELMS HIGH SCHOOL AKRON, OH | FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $103,500 |
| ST VINCENT - ST MARY HIGH SCHOOL AKRON, OH | FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $45,600 |
| THE JOSEPH FUND OF CAMDEN CAMDEN, NJ | FOR GENERAL OPERATING NEEDS OF THE ORGANIZATION | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANGELA BERNARD CRAIG | EXECUTIVE DIRECTOR/PRESIDENT/TREASURER | 20 | $48,000 |
| ADAM BERNARD | VICE-PRESIDENT | 1 | — |
| REGINA A DAIN | VICE-PRESIDENT | 1 | — |
| LESLEY WEIGAND | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bernard Foundation?
The Bernard Foundation is a private foundation focused on Education, based in WADSWORTH, OH. It holds $3.3M in total assets as of 2024.
How large is The Bernard Foundation?
As of 2024, The Bernard Foundation holds $3.3M in total assets with $543K in annual revenue. It awarded 6 grants totaling $328K in 2024.
Where does The Bernard Foundation operate?
The Bernard Foundation has awarded grants in New Jersey, Ohio.
What size grants does The Bernard Foundation award?
In 2024, The Bernard Foundation awarded 6 grants totaling $328K — an average of about $55K per grant, based on its IRS Form 990 filings.
How much is The Bernard Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bernard Foundation reported a distributable amount of $245K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bernard Foundation's EIN?
The Bernard Foundation's EIN (Employer Identification Number) is 34-1867382. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Bernard Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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